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Consider the following statements regarding the Mineral Security Partnership:
- It is an ambitious new initiative to bolster critical mineral supply chains announced by China.
- The focus of the grouping would be on the supply chains of minerals such as Cobalt, Nickel, Lithium and also the 17 “rare earth” minerals.
Which of the statements given above is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'B'. Can you explain this answer?
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Consider the following statements regarding the Mineral Security Partn...
Rare earth elements.
The partnership aims to enhance cooperation among participating countries to ensure a stable and sustainable supply of critical minerals.
The partnership will also promote research and development in the field of critical minerals, as well as encourage investment in mining and processing facilities.
The Mineral Security Partnership will primarily involve countries that are major producers or consumers of critical minerals.
The initiative is expected to address concerns over the vulnerability of critical mineral supply chains due to geopolitical tensions and trade disputes.
The partnership will work towards reducing dependencies on a single country or region for critical minerals, thus increasing supply chain resilience.
The participating countries will work together to improve transparency, traceability, and sustainability in the extraction and processing of critical minerals.
The Mineral Security Partnership is seen as a strategic move by China to secure its access to critical minerals and reduce its reliance on imports.
The partnership aims to enhance cooperation among participating countries to ensure a stable and sustainable supply of critical minerals.
The partnership will also promote research and development in the field of critical minerals, as well as encourage investment in mining and processing facilities.
The Mineral Security Partnership will primarily involve countries that are major producers or consumers of critical minerals.
The initiative is expected to address concerns over the vulnerability of critical mineral supply chains due to geopolitical tensions and trade disputes.
The partnership will work towards reducing dependencies on a single country or region for critical minerals, thus increasing supply chain resilience.
The participating countries will work together to improve transparency, traceability, and sustainability in the extraction and processing of critical minerals.
The Mineral Security Partnership is seen as a strategic move by China to secure its access to critical minerals and reduce its reliance on imports.
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Consider the following statements regarding the Mineral Security Partn...
India was recently inducted into the Mineral Security Partnership (MSP).
About Mineral Security Partnership:
- It is an ambitious new initiative to bolster critical mineral supply chains, announced by the United States (US) and key partner countries in June 2022.
- The goal of the alliance is to ensure that critical minerals are produced, processed, and recycled in a manner that supports the ability of countries to realise the full economic development benefit of their geological endowments.
- The focus of the grouping would be on the supply chains of minerals such as Cobalt, Nickel, Lithium and also the 17 “rare earth” minerals.
What is a critical mineral?
- There is no global definition of critical minerals, but essentially, they are mineral deposits with high economic vulnerability and high global supply chain risk.
What are major critical minerals?
- The major critical minerals are Graphite, Lithium and Cobalt.
- They are used for making EV batteries and are also critical for making semiconductors and high-end electronics manufacturing.
- These minerals are also used in manufacturing fighter jets, drones, radio sets and other critical equipment.
Who are the top producers of critical minerals?
- The major producers of critical minerals globally are Chile, Indonesia, Congo, China, Australia and South Africa.
What are rare earth elements?
- The 17 rare earth elements (REE) include the 15 Lanthanides (atomic numbers 57 — which is Lanthanum — to 71 in the periodic table) plus Scandium (atomic number 21) and Yttrium (39).
Hence only statement 2 is correct.
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Consider the following statements regarding the Mineral Security Partnership: Itis an ambitious new initiative to bolster critical mineral supply chains announced by China. The focus of the grouping would be on the supply chains of minerals such asCobalt, Nickel, Lithiumand also the 17 “rare earth” minerals.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?
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Consider the following statements regarding the Mineral Security Partnership: Itis an ambitious new initiative to bolster critical mineral supply chains announced by China. The focus of the grouping would be on the supply chains of minerals such asCobalt, Nickel, Lithiumand also the 17 “rare earth” minerals.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding the Mineral Security Partnership: Itis an ambitious new initiative to bolster critical mineral supply chains announced by China. The focus of the grouping would be on the supply chains of minerals such asCobalt, Nickel, Lithiumand also the 17 “rare earth” minerals.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding the Mineral Security Partnership: Itis an ambitious new initiative to bolster critical mineral supply chains announced by China. The focus of the grouping would be on the supply chains of minerals such asCobalt, Nickel, Lithiumand also the 17 “rare earth” minerals.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?.
Consider the following statements regarding the Mineral Security Partnership: Itis an ambitious new initiative to bolster critical mineral supply chains announced by China. The focus of the grouping would be on the supply chains of minerals such asCobalt, Nickel, Lithiumand also the 17 “rare earth” minerals.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding the Mineral Security Partnership: Itis an ambitious new initiative to bolster critical mineral supply chains announced by China. The focus of the grouping would be on the supply chains of minerals such asCobalt, Nickel, Lithiumand also the 17 “rare earth” minerals.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding the Mineral Security Partnership: Itis an ambitious new initiative to bolster critical mineral supply chains announced by China. The focus of the grouping would be on the supply chains of minerals such asCobalt, Nickel, Lithiumand also the 17 “rare earth” minerals.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?.
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